President-Elect Barack Obama was named the most fascinating person of the year in “Barbara Walters Presents: The 10 Most Fascinating People of 2008.”

The list also included many actors, a broadcaster, an Olympic record holder, a second political figure, a singing superstar and a pregnant man.

10. Will Smith, actor
Smith was chosen because, according to Walters, “no one has created a string of blockbusters like him.” His last eight movies made more than $100 million, making him a huge success in Hollywood terms. Smith says that he is successful because he cares about people and always considers his audience. Another topic was marriage. Smith, who was divorced earlier in his life and career, believes that for him and his wife divorce is not an option so they better learn to have some fun together. Smith says his new character is “probably the darkest character I’ve ever played.” He wouldn’t give away too much about “Seven Pounds” though. We also learned that President-Elect Barack Obama has hand selected Will Smith to play him in a movie, should they ever make one, which we all know they will.

9. Michael Phelps, Olympic swimmer

In case you were a cave this summer, Phelps will forever be remembered as a super human and a swimming marvel. At the 2008 summer Olympics he took home a record 14 medals. Phelps said that he believes swimming helped him with his ADHD when he was younger and that his goal has always been to win an Olympic gold medal.

8. Miley Cyrus, singer & television star

Did anyone know that 16-year-old Miley Cyrus just signed a seven-figure book deal? Wow! Cyrus said sometimes it’s hard to be a role model, but she seems to be doing OK with it. Walters combated rumors of no more Hannah Montana and reminded everyone of the upcoming Hannah Montana. Cyrus said that sometimes she thinks about the fact that she could be just a phase, as so many young stars are, but right now she is just living in the moment.

7. Tina Fey, actress & writer

Fey calls the Sarah Palin situation a “strange storm” and “a stroke of luck.” She’s always been funny and a favorite, but this year’s political race really put her on the map. Not to mention the fact that she recently won multiple Emmys and had a huge movie come out. Fey said she never felt she was being mean because most of the time she was saying things Palin had actually said. In fact, the show even showed a perfect split screen showcasing the exact wording of both speeches.

6. Rush Limbaugh, broadcaster

He is called the most powerful conservative radio broadcaster, and he is probably most known for his argumentative nature. Walters started with the hard questions – In this economic recession, are you worth the millions of dollars you’re paid? Limbaugh’s answer – Of course I am, and I choose not to participate in the economic recession. Limbaugh said that Palin will be a great Republican candidate in four years. There was even a little argument between Walters and Limbaugh because he didn’t agree with her about a comment Limbaugh made about aging women in politics and on television. He ended the interview by saying, after being asked of course, that he hopes our new president is as sincere as he claims to be.

5. Thomas Beatie, pregnant man

While he isn’t the first pregnant man, he is the most public. His announcement has been one of the most controversial stories in the past decade. Beatie was born female and when he crossed over to being a man he kept his female parts, minus the breasts of course. Recently Walters did an hour-long special on the couple and was shocked to learn that the Beatie was pregnant again.

4. Frank Langella, actor

In 1979 he was Dracula, and even thought he has done a million things since then, he seems to have always been overlooked as a big star. Now stardom has finally hit for Langella as the role of Richard Nixon in “Frost/Nixon.” Walters said this the role of a lifetime for any actor. Langella said that at first he didn’t want to play Nixon, but after watching film after film after film of Nixon he began to feel connected to the former president.

3. Sarah Palin, Alaskan governor and former VP candidate

Sarah Palin seems to have really done it all. She started out as a beauty queen, then took on television, followed by PTA, city council, being mayor and finally being the governor. When she became the Republican running mate things seemed to be looking up, but things took a huge turn for the worse after Palin began speaking to the media. She was called “a drag” for her presidential candidate.

2. Tom Cruise, actor

Walters asked Cruise what he regrets since meeting with her three years ago, and although he admitted he could’ve done things differently, he didn’t seem to regret anything. Premiering soon will be “Valkyrie,” Cruise’s new movie about a man that plotted to kill Adolph Hitler. Cruise said he decided to do this movie because he found it inspiring. And even though he has already won the most prestigious German award for the movie, there was much controversy early on. Cruise said that there are probably more kids in he and wife Katie Holmes’ future, but right now they’re just enjoying the ones they have. He also said that he has definitely grown up and learned through all of the mistakes he has made and successes he has had over the years.

1. Barack Obama, president-elect

He is the first black president for the United States, and he signifies change and hope. He also seems to be one of the most popular presidential candidates in history. Obama said that even though the expectations are high he believes he can meet the expectations of an honest and confident government. Obama said that when he was a child he wanted to be everything from a judge, to an architect to a basketball player, but he never expected to be president of the United States.

Final Thoughts: This was very obvious, but what did you expect, it being an election year and all? Plus, who better to choose as the most fascinating person of the year than a person who literally made history. Hopefully, he will continue to make history.

CHICAGO (AP) — President-elect Barack Obama was staying in Chicago for the U.S. Thanksgiving holiday Thursday and squeezing in some holiday shopping, a day after trying to reassure Americans about the ailing economy as stores braced for a rough season.

“Help is on the way,” he proclaimed Wednesday at his third news briefing on the economy this week. Fifty-five days away from taking office, he declared he would have an economic plan ready for action “starting day one.”

To help with ideas from outside the White House, Obama also announced he was forming a new team of advisers with former Federal Reserve Chairman Paul Volcker as the head.

“There is no doubt that during tough economic times family budgets are going to be pinched,” Obama said. “I think it is important for the American people, though, to have confidence that we’ve gone through recessions before, we’ve gone through difficult times before, that my administration intends to get this economy back on track.”

ANCHORAGE, Alaska (AP) — Oprah wants her, and so do Letterman and Leno. Fresh from her political defeat, Sarah Palin is juggling offers to write books, appear in films and sit on dozens of interview couches at a rate that would be astonishing for most Hollywood stars, let alone a first-term governor.

Agents, including those from the William Morris Agency, have come knocking. There’s even been an offer to host a TV show.

“Tomorrow, Gov. Palin could do an interview with any news media on the planet,” said her spokesman, Bill McAllister. “Tomorrow, she could probably sign any one of a dozen book deals. She could start talking to people about a documentary or a movie on her life. That’s the level we are at here.”

Asked whether Winfrey was pursuing Palin for a sit-down, Michelle McIntyre, a spokeswoman for Winfrey’s Chicago-based Harpo Productions Inc., said she was “unable to confirm any future plans” for the show.

Palin may have emerged from the campaign politically wounded, with questions about her preparedness for higher office and reports of an expensive wardrobe, but she’s returned to Alaska with an expanded, if unofficial, title: international celebrity.

Sen. John McCain plucked Palin out of relative obscurity in late August and put her on the national Republican ticket. Now, she has to decide how and where to spend her time, which could have implications for her political future and her bank account, with possible land mines of legal and ethical rules.

Palin is considering about 800 requests for appearances from December through 2009, with 75 percent coming from out of state. A year ago, just a sprinkle of requests came from beyond Alaska’s borders. They range from invitations to speak at the Chief Executives’ Club of Boston, Massachusetts, and to attend a 5-year-old’s birthday party, from a prayer breakfast in Cedar Rapids, Iowa, to a business conference in Britain.

Michael Steele, the former Maryland lieutenant governor who wants to be the next chairman of the Republican National Committee, is seeking face time.

She has invitations to make appearances in 20 foreign countries, typically with all expenses paid, McAllister said. She has more than 200 requests for media interviews, again from around the globe.

“She has to pace herself,” suggested veteran Hollywood publicist Howard Bragman. “She wants a career made in a Crock-Pot, not a microwave.”

In her two months on the national stage, Palin energized the Republican base but turned off moderates and independents, according to some surveys. Flubbed answers in national television interviews raised questions about her competence. She was embarrassed by the disclosure that the RNC spent at least $150,000 for designer clothing, accessories and beauty services for her and her family.

The right book or movie deal could help Palin reintroduce herself to the nation, on terms she could dictate.

Although books and movie deals could be worth millions of dollars, it’s not clear whether Palin would be able to legally earn it. State rules say she cannot accept outside employment for compensation. But there appears to be little in the way of precedent left by former governors to judge if book deals or lucrative speaking appearances amount to “employment.”

Palin has sent unmistakable signals that she is open to running for president in 2012, but to advance her political ambitions, she must stay in the public eye in the lower 48 states.

As with any celebrity, there is the risk of overexposure. At the same time, she’ll be under pressure to attend to governing her home state, which is thousands of miles from the rest of the nation.

“She has to deal with the perception that she bobbled her debut,” said Claremont McKenna College political scientist John Pitney. “She needs to stay home for a while. If she wants a future in national politics, her No. 1 job is doing a good job as governor.”

Just this week, shortly after conducting a string of national TV interviews and skipping a state education conference, she was scolded by the Anchorage Daily News.

“There are … low graduation rates, plummeting North Slope oil prices, proposals to build alternative energy projects, the gas pipeline,” the paper said in an editorial. “It’s time for the governor to refocus on Alaska’s needs.”